RV 29th - 31st Dec

[mauser]

With all the ?information? flying around, Maliki getting slapped by Moon and a 6 month extension on sanctions and threatened with more if he doesn't get his act together. Going back to Iraq running around like a chicken with it's legs cut off, meeting with the GOI on resolving issues, meeting with Kuwait to try and resolve those issues (Monies owed, lost bodies, antiquities etc), I don't think Iraq can possibly get all this done and RV within the next few days. The past has shown Iraq has RV'd on the last working Thursday of a month, unless the Thursday was a one of their holidays then it was on the Wednesday. With that, Iraq has two (2) weeks left until the 29th, last working day of the month AND, E.O.Y. Why would any business or country RV this close to the end of the year with so much to get finished. It would be logical to wait until the 29th - 31st to RV, 30th religeous day, 31st their play day, and January 1st the first working day of the Year and theri work month. Contracts would be fine and Maliki would have the two weeks to try and get his $..t together. Then of course Monday the 2nd is a US holiday not to mention how many other countries. Iraq would have 1 to 2 days in country playing around with the new rate and possibly new lower denominations. You know the currency with Arabic, Kurdish and English on it... Makes sense to me but I am not a guru, only been at this for 4.5 years... and worked in Iraq for 2 years plus. all this time the Iraqis have done nothing that is logical or makes sense... Just my humbled opinion... they just need to "pull the trigger" so relax and have a Merry Christmas and Happy New Year...

[LDJ]

With all the ?information? flying around, Maliki getting slapped by Moon and a 6 month extension on sanctions and threatened with more if he doesn't get his act together. Going back to Iraq running around like a chicken with it's legs cut off, meeting with the GOI on resolving issues, meeting with Kuwait to try and resolve those issues (Monies owed, lost bodies, antiquities etc), I don't think Iraq can possibly get all this done and RV within the next few days. The past has shown Iraq has RV'd on the last working Thursday of a month, unless the Thursday was a one of their holidays then it was on the Wednesday. With that, Iraq has two (2) weeks left until the 29th, last working day of the month AND, E.O.Y. Why would any business or country RV this close to the end of the year with so much to get finished. It would be logical to wait until the 29th - 31st to RV, 30th religeous day, 31st their play day, and January 1st the first working day of the Year and theri work month. Contracts would be fine and Maliki would have the two weeks to try and get his $..t together. Then of course Monday the 2nd is a US holiday not to mention how many other countries. Iraq would have 1 to 2 days in country playing around with the new rate and possibly new lower denominations. You know the currency with Arabic, Kurdish and English on it... Makes sense to me but I am not a guru, only been at this for 4.5 years... and worked in Iraq for 2 years plus. all this time the Iraqis have done nothing that is logical or makes sense... Just my humbled opinion... they just need to "pull the trigger" so relax and have a Merry Christmas and Happy New Year...

When would an RV best benefit our current WH leadership?

[tkeaton]

29th -31st? I think I could fit that in.

Go RV and Merry CHRISTmas to all !

[gbosh]

... back to Iraq running around like a chicken with it's legs cut off...

Sorry, but I had to stop reading after this.... I couldn't get the image of a hyperactive legless chicken out of my head!

[Nelg]

When would an RV best benefit our current WH leadership?

Why should that matter?

Sorry, but I had to stop reading after this.... I couldn't get the image of a hyperactive legless chicken out of my head!

Visions of Monty Python and the Holy Grail? Me too! :lol:

[LDJ]

Why should that matter?

Just thinking that most of the time, that postion takes advantage of all they can, when they can in order to advance their agenda(s). This is an election year, we just pulled the troops out, and then if an RI/RV took place and Iraq became a success story after we pulled out. Bingo ,bango, bongo his ratings rise. Just sayin..

[tommy17]

Why should that matter?

Just like Clinton did.

Visions of Monty Python and the Holy Grail? Me too! :lol:

[Anti This Anti That]

When would an RV best benefit our current WH leadership?

If it is to benefit the clown Obama, then it will have to happen before December ends.

When would an RV best benefit our current WH leadership?

If it is to benefit the clown Obama, then it will have to happen before December ends.

To be honest with you folks, I do not think Obama cares what benefits him, because I think he plans to be America's first dictator forced by violence of an evil military, and police force.

[Gooserider67]

When would an RV best benefit our current WH leadership?

I think that it would be after the 1st of the year... it is to late in the year (this year) to monitor how much IQD that will be cashed in to create new taxes to be collected... So IMO a RV will happen after the first of the year, there will be a mad rush to cash in at least to ease the day to day burden of paying bills and what makes life tick but if the RV comes at a good rate then people will cash out everything and the government will have an idea how big the dollar signs in their eyes will be and have all year to create new taxes that will need to be filed on next years income tax. Don't hate me for the idea.. Hate the government for what they could and probably do to us.. believe me hardly nothing in this world happens for the benefit of the average person, everything is controlled to benefit the biggest of the power players...

[LDJ]

I think that it would be after the 1st of the year... it is to late in the year (this year) to monitor how much IQD that will be cashed in to create new taxes to be collected... So IMO a RV will happen after the first of the year, there will be a mad rush to cash in at least to ease the day to day burden of paying bills and what makes life tick but if the RV comes at a good rate then people will cash out everything and the government will have an idea how big the dollar signs in their eyes will be and have all year to create new taxes that will need to be filed on next years income tax. Don't hate me for the idea.. Hate the government for what they could and probably do to us.. believe me hardly nothing in this world happens for the benefit of the average person, everything is controlled to benefit the biggest of the power players...

I agree with you, let's hope for the best. By the way props to ya on the huntin dogs. Have a good one.

[fnbplanet]

My link

Jan. 1st is a bank holiday.

[seetrader1]

With all the ?information? flying around, Maliki getting slapped by Moon and a 6 month extension on sanctions and threatened with more if he doesn't get his act together. Going back to Iraq running around like a chicken with it's legs cut off, meeting with the GOI on resolving issues, meeting with Kuwait to try and resolve those issues (Monies owed, lost bodies, antiquities etc), I don't think Iraq can possibly get all this done and RV within the next few days. The past has shown Iraq has RV'd on the last working Thursday of a month, unless the Thursday was a one of their holidays then it was on the Wednesday. With that, Iraq has two (2) weeks left until the 29th, last working day of the month AND, E.O.Y. Why would any business or country RV this close to the end of the year with so much to get finished. It would be logical to wait until the 29th - 31st to RV, 30th religeous day, 31st their play day, and January 1st the first working day of the Year and theri work month. Contracts would be fine and Maliki would have the two weeks to try and get his $..t together. Then of course Monday the 2nd is a US holiday not to mention how many other countries. Iraq would have 1 to 2 days in country playing around with the new rate and possibly new lower denominations. You know the currency with Arabic, Kurdish and English on it... Makes sense to me but I am not a guru, only been at this for 4.5 years... and worked in Iraq for 2 years plus. all this time the Iraqis have done nothing that is logical or makes sense... Just my humbled opinion... they just need to "pull the trigger" so relax and have a Merry Christmas and Happy New Year...

You're getting way ahead of yourself...Parliament has yet to pass the draft to delete the zeros. Re-denomination will start in 2013. check recent news.

[mauser]

I think that it would be after the 1st of the year... it is to late in the year (this year) to monitor how much IQD that will be cashed in to create new taxes to be collected... So IMO a RV will happen after the first of the year, there will be a mad rush to cash in at least to ease the day to day burden of paying bills and what makes life tick but if the RV comes at a good rate then people will cash out everything and the government will have an idea how big the dollar signs in their eyes will be and have all year to create new taxes that will need to be filed on next years income tax. Don't hate me for the idea.. Hate the government for what they could and probably do to us.. believe me hardly nothing in this world happens for the benefit of the average person, everything is controlled to benefit the biggest of the power players...

I don't think the US has anything to do with the RV... but with Iraq now trying to make amends and finally get things done, it's probable, it may go into January. Just takiin' it day by day... Iraq still has a lot to accomplish before it's over.

[seetrader1]

I'll get negs for posting my opinion, here goes......

Iraq could RV "in country" under IMF Article 14 at any time(they've done it twice since 2003)...but I don't think we will see an INTERNATIONAL Article 8 RV until late 2014 at the earliest.

Smite away.........

I just negged myself to get it started. Hate away......

[4aprofit]

IMO...With the type windfall that this could end up being....If it goes past Dec. 31st, they will be April 15, 2013...(16-months)... getting the taxes from this, and possibly even longer for those with extensions and/or complications, etc....but, I will just about bet that if it does go into Jan. 2012 or later, that there will probably be a new type tax that is either implemented or made retroactive, or that will ultimately come on the scene...that will allow them to take the taxes out on the spot when the dinars are cashed in...similar to some of the types of casino or lottery winners taxation rules?

P.S....Another IMO....if it is'nt done by next week, I really don't think they have eough time left in this year with holiday periods and banks being closed....to get the bulk of this stuff cashed in, as per the tax windfall of revenue that is desired from this?

[seetrader1]

You're getting way ahead of yourself...Parliament has yet to pass the draft to delete the zeros. Re-denomination will start in 2013. check recent news.

Whoever negged me for the above....put this article in your pipe and smoke it....

FROM TODAY....

The central importance of the Iraqi parliament to convince deleted 3 zeroes from the dinar

16.12.2011

The center of divergence of views, economists about the timing and feasibility of the project to delete three zeros from the dinar, the official predicted that the Central Bank of Iraq is the implementation of this project in 2013. The Central Bank of Iraq discuss the details of the project with the Commission on the economy and investment in the Iraqi Council of Representatives.

Deputy Governor of the Central Bank of Iraq appearance of Dr. Mohammed Saleh In a statement made by Radio Free Iraq, confirmed that the atmosphere of the discussions were positive, and the bank was able to answer all questions and inquiries of the Parliamentary Committee, which heard a detailed explanation on this subject, and convinced of the project and its positive effects on the economy Iraq, adding that the project is also referred to the Economic Committee in the Cabinet for discussion.

He expected the Deputy Governor of the Central Bank of Iraq that is to start the execution of the deleted 3 zeroes three of the coin with the development of the budget year 2013, pointing to the bank’s plan to implement the project will continue for two years and depends on offering new dinar with the current currency in order not to get the economy or the citizens harm.

Economic expert, Dr. Hilal Al-Taan consistent with the Central Bank of Iraq in the importance of this project and its economic feasibility, and finds that the current monetary bloc of 27 trillion Iraqi dinars, it is necessary to delete three zeros to become a mass 15 billion Iraqi dinars, which facilitates financial transactions daily.

However, the economic expert, Aladdin short does not agree with Taan, but finds that the project to delete 3 zeros will not contribute to improve the economy, but on the contrary, because of the security conditions and the economic situation deteriorating, and the absence of development programs, and the lack of a sound banking system, in addition to corruption and bureaucracy in state institutions.

Amid the varied opinions of observers of the economic affairs of Iraq about the effects of positive or negative for the deletion of three zeros from the dinar, warned an economic advisor in the government Abdul Hussein Al-Anbuge that the process of removing three zeros from the dinar will increase the phenomenon of money laundering, and that the government is working to convince the central bank need to stop working the implementation of the project.

But economist Dr. Hilal Al-Taan respond to these warnings and fears as unfounded, because the process is controlled by a careful and deliberate

[Gooserider67]

I'll get negs for posting my opinion, here goes......

Iraq could RV "in country" under IMF Article 14 at any time(they've done it twice since 2003)...but I don't think we will see an INTERNATIONAL Article 8 RV until late 2014 at the earliest.

Smite away.........

I just negged myself to get it started. Hate away......

I don't think you said anything worth a neg.. It's your opinion and that's OK... so I gave you a plus 1 to even you out.. Our idea of what COULD happen or our opinion of what COULD be does not and will not control the RV, RI, RD etc. Its the one's who throw BS around and says that it's GOING to happen tomorrow or the next day so many times that the wolf itself is tired of being called, the hater's, wack jobs and intimidator's are who deserved to a neg... so I think your opinion may not be liked but that is what it is an opinion

[Snatcher]

There was no "6 month extension on sanctions and threatened with more" There was only a extension on the UN's mission in Iraqi, to monitor Iraq's progress on missing kuwati's and archives.

[mauser]

There was no "6 month extension on sanctions and threatened with more" There was only a extension on the UN's mission in Iraqi, to monitor Iraq's progress on missing kuwati's and archives.

This is true, but, since Iraq hasn't made that much progress with issues surrounding Kuwait's missing bodies, archives, and monies owed to them by Iraq, Kuwait is not going to sign off on Ch7... and the santions just keeps on going, and going and going...

[AoK]

Thanks for the post Mauser! The sooner the better! Let's just get it done already!

[Nelg]

When would an RV best benefit our current WH leadership?

O.k., let me see if I can give a better answer.

If there is an RV before the end of the year and we cash in, then the WH would benefit from the meager tax we would have to pay by April 12. If we cash in after January 1 then taxes would be due the following year or 2013 (at least by April 1). The infusion of tax $ after the first will benefit the party in the WH, but not the present administration .

Therefore, even if it RVs before the end of the year, I will only cash in a limited amount to avoid high rates this year 2011. The remainder of what I will cash in will be first and the larger tax to be paid will be in 2013. Just takes a little planning.

I do not want to assist the current administration with one dinar! IMO we need a new administration and someone to redecorate the WH.

[truthful1]

Well, if were going to pick theories out of a hat, its as good as any.

[LDJ]

O.k., let me see if I can give a better answer.

If there is an RV before the end of the year and we cash in, then the WH would benefit from the meager tax we would have to pay by April 12. If we cash in after January 1 then taxes would be due the following year or 2013 (at least by April 1). The infusion of tax $ after the first will benefit the party in the WH, but not the present administration .

Therefore, even if it RVs before the end of the year, I will only cash in a limited amount to avoid high rates this year 2011. The remainder of what I will cash in will be first and the larger tax to be paid will be in 2013. Just takes a little planning.

I do not want to assist the current administration with one dinar! IMO we need a new administration and someone to redecorate the WH.

Bingo, that makes 2 of us anyway. And Ho Ho Ho

[harleyrider1]

I'll get negs for posting my opinion, here goes......

Iraq could RV "in country" under IMF Article 14 at any time(they've done it twice since 2003)...but I don't think we will see an INTERNATIONAL Article 8 RV until late 2014 at the earliest.

Smite away.........

I just negged myself to get it started. Hate away......

I gave you +1 too seetrader. I don't like the idea that it could be 2 more years, but that is your opinion and you are entitled to it. This is supposed to be adult conversation/debate and we are all supposed to be big boys and girls. JMHO.

Merry Christmas

O.k., let me see if I can give a better answer.

If there is an RV before the end of the year and we cash in, then the WH would benefit from the meager tax we would have to pay by April 12. If we cash in after January 1 then taxes would be due the following year or 2013 (at least by April 1). The infusion of tax $ after the first will benefit the party in the WH, but not the present administration .

Therefore, even if it RVs before the end of the year, I will only cash in a limited amount to avoid high rates this year 2011. The remainder of what I will cash in will be first and the larger tax to be paid will be in 2013. Just takes a little planning.

I do not want to assist the current administration with one dinar! IMO we need a new administration and someone to redecorate the WH.

I have been thinking the same thing. I will not, unless given a time limit of a couple of days, exchange all my dinar if it were to RV this month. I might not exchange any of it this year...

[olivesman]

Sorry, but I had to stop reading after this.... I couldn't get the image of a hyperactive legless chicken out of my head!

I KNOW, RIGHT? Was that on purpose or is that the way you thought that saying went? jw